S&P, Moody's probe South Korean banks on digital asset strategies

Global credit rating agencies S&P and Moody's questioned major South Korean banks and financial firms about their perception of and readiness for the digital asset market during regular meetings in March and April, The Herald Business reported. S&P reportedly asked about the potential risks and opportunities for banks as South Korea moves to introduce a CBDC and stablecoins, and what core strategies the banks are preparing in response. Moody's is understood to have included questions assessing digital asset capabilities in its preliminary questionnaire for the first time this year.